Car Insurance Fraud on the Rise
Posted By Administrator
Date: January 8th, 2009
Category: Fundamentals, Related Topics
Many people are falling victim to scams in insurance policies where insurance companies offer lower than approved rates leaving the drivers high and dry in case they are called upon. Several convictions across the states have been reported in related schemes as businessmen get desperate with much badly needed cash. Sometimes the company/agent is even in cahoots with the customers as they rip off the firm of thousands of dollars in false claims that were pre-fabricated to suit their needs.
Many people have given up on their cars choosing to use public transportation instead. The many who have lost their jobs also tax heavy on the insurance industry for drivers fill in the need for transport but forgo the need for insurance coverage. Though punishable by law if one is uninsured, they still continue to run the gauntlet as they drive along, sometime even ignoring mobile phone use bans while driving.